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The Turning Point in Keynes’s Theoretical Development: From A Treatise on Money to the General Theory

In: Keynes as an Economist, World System Planner and Social Philosopher

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  • Toshiaki Hirai

    (Sophia University)

Abstract

How did Keynes proceed from A Treatise on Money (hereafter the Treatise) to the General Theory? What was it that enabled him to change from the world of the former to that of the latter, and where exactly is the change to be located? These questions are crucial in understanding the Keynesian Revolution, and many interpretations have consequently been put forward. In our view, however, they lack the groundwork of thorough investigation. The present paper seeks to answer these questions convincingly with a new interpretation.

Suggested Citation

  • Toshiaki Hirai, 2024. "The Turning Point in Keynes’s Theoretical Development: From A Treatise on Money to the General Theory," Palgrave Studies in the History of Economic Thought, in: Keynes as an Economist, World System Planner and Social Philosopher, chapter 0, pages 67-91, Palgrave Macmillan.
    • Handle: RePEc:pal:pshchp:978-3-031-40135-0_3
    DOI: 10.1007/978-3-031-40135-0_3
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